DEX Sparkswap closes its doors

Sparkswap, a bourse Bitcoin decentralized based on Lightning Network, no longer accepts registrations and will close its service permanently next Tuesday.

On his blog, Trey Griffith, the founder of Sparkswap, said his company had failed to attract enough users.

Build a cryptocurrency business, especially interacting with the banking system, is costly and, as things stand, the style of self-consumption we adopt is too nested to make our project sustainable, "he wrote.

Since yesterday, the platform has suspended registrations. Registered users have until March 24, 2020 to complete their last transactions.

Despite a previous fundraising of $ 3.5 million, Sparkware will not have won his bet. Its founder believes that he was "perhaps too far ahead of his time" and that in the long term this model could compete with centralized exchange services like Binance or Coinbase.

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